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Get your taxes done using TurboTax
Your basis will be $3.00 in your IRA and $4.00 husband's after reporting your conversions. I suggest you should proceed the same way you have in prior years. If you do a backdoor Roth conversion for 2024 convert the entire balance in your account at the time of the conversion. Your basis will revert back to zero.
[Edited 03-19-2024 5:30 PM EDT]
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March 19, 2024
2:19 PM